Attention Business Owners - 30% Solar Grant Now Available

July 23, 2009 - PRLog -- Attention Business Owners: 30% Solar Energy Cash Grant Now Available.

The Department of the Treasury has recently made available the instructions to apply for the Renewable Energy Grant.  This grant is part of the Section 1603 of the American Recovery and Reinvestment Tax Act of 2009. It authorizes the US Department of the Treasury to make payments in the form of a cash grant to commercial, agricultural, and industrial properties that install a qualified renewable energy system such as a solar photovoltaic system.  

Where previously the 30% Investment Tax Credit (ITC) allowed solar investors to reduce their tax liability by the amount of the tax credit, Section 1603 now allows investors the option to access a cash grant instead.  This is advantageous to those who are looking to invest in solar but do not have the tax liability to take advantage of the 30% tax credit.  Although the tax credit can be carried forward into the subsequent tax year, the full benefit of the 30% tax credit cannot be realized until taxes are filed.   The grant provides a great alternative to the ITC.  The solar grant allows investors to receive a cash grant within 60 days or less of the grant application or the date the solar system is placed in service, whichever is later.  

If you are interested in taking advantage of the 30% grant, below is a list of eligibility and provisions for Section 1603:

o   Only tax-paying entities are eligible for this grant.
o   Applicable Sectors: Commercial, Industrial, Agricultural
o   Grants are available to “eligible property* placed in service in 2009 or 2010
o   Eligible solar-energy property includes equipment that uses solar energy to generate electricity (photovoltaics), to heat or cool (or provide hot water for use in) a structure, or to provide solar process heat. Passive solar systems and solar pool-heating systems are not eligible. Hybrid solar-lighting systems, which use solar energy to illuminate the inside of a structure using fiber-optic distributed sunlight, are eligible.  
o   Grant applications must be submitted by October 1, 2011
o   The Treasury will make Section 1603 payments to qualified applicants equal to 30% of the basis of the solar photovoltaic property - this includes solar equipment, installation, and freight.

Contact us to learn more about this grant and other incentives for your solar installation.

About DJH Construction, Inc.
DJH Construction, Inc., is a leading integrator of solar electric power systems. Founded in 1995 as a general construction company, the company expanded its expertise to incorporate green building and solar photovoltaic installations. The management team brings a strong blend of construction, project management, and solar industry experience. DJH Construction, Inc.’s experience spans nineteen years in the planning and design of both residential and commercial construction and photovoltaic solar projects. DJH Construction, Inc. is an Arizona (#190923 ROC) and California (#743368) licensed General Contractor (B), Electrical Contractor (C-10), and Solar Contractor (C-46).    For more information, please visit DJH Construction Inc.'s website at http://www.djhconstruction.com or contact us at info@djhconstruction.com.

# # #

About DJH Construction, Inc.
DJH Construction, Inc., is a leading integrator of solar electric power systems. Founded in 1995 as a general construction company, the company expanded its expertise to incorporate green building and solar photovoltaic installations. The management team brings a strong blend of construction, project management, and solar industry experience. DJH Construction, Inc.’s experience spans nineteen years in the planning and design of both residential and commercial construction and photovoltaic solar projects. DJH Construction, Inc. is an Arizona (#190923 ROC) and California (#743368) licensed General Contractor (B), Electrical Contractor (C-10), and Solar Contractor (C-46). For more information, please visit DJH Construction Inc.'s website at http://www.djhconstruction.com or contact us at info@djhconstruction.com.